Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sirius XM Holdings's accounts receivables for the quarter that ended in Dec. 2024 was $596 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Sirius XM Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 24.86.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sirius XM Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-46.70.
Sirius XM Holdings Accounts Receivable Historical Data
The historical data trend for Sirius XM Holdings's Accounts Receivable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.
Sirius XM Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Sirius XM Holdings's accounts receivable are only considered to be worth 75% of book value:
Sirius XM Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.
If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.
Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.
Sirius XM Holdings Accounts Receivable Related Terms
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Sirius XM operates almost exclusively in the US through its SiriusXM and Pandora audio services. SiriusXM is primarily a satellite radio service, which offers nationwide coverage and mostly ad-free listening, with proprietary channels and exclusive content. It makes agreements with automakers to install its radios in vehicles and give trial services to vehicle buyers, which have traditionally fed its subscriber base. The company operates the service through a handful of geostationary satellites that it owns and operates, but it now offers a streaming SiriusXM option as well. Pandora, which makes up a much smaller portion of revenue and profit, offers a subscription and ad-supported streaming music service that competes with industry giants like Spotify, Apple Music, and YouTube Music.
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